Amended First Time Home Buyers Requirements

The government has issued amended First Time Home Buyers requirements.

The qualifications for the exemption have changed. A first time home buyer can now qualify for a full exemption with a purchase of less than $425,000.00 (previously $375,000.00).

A partial exemption is available if the purchase price is more than $425,000.00 but less than $450,000.00.

Also, there is no longer a requirement for financing.

For more information, please see:

BC Government Bulletin
The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Real Estate Board of Greater Vancouver (REBGV), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the REBGV, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the REBGV, the FVREB or the CADREB.